Long-Term Care Insurance Policies Covers More Than Nursing Home Care

7.6 million individuals currently receive care at home because of acute illnesses, long-term health conditions, permanent disability, or terminal illness. And today, someone turning age 65 has almost 70% chance of needing some type of long-term care services and support in their remaining years. Read our Sales Idea to better understand how you can help clarify the misconception that an LTCi policy only covers care in facilities like nursing homes. And discuss the multiple care options that long-term care insurance offers clients as they age.   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800)
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Help Clients Plan for the Rising Costs of Long-Term Care Services

Historically, the cost of long-term care services has increased approximately 5% per year—a trend that isn’t expected to end anytime soon. Clients may be concerned that a policy today may not have adequate funding to address their increased costs in the future, that’s why we offer an Inflation Protection rider on the MutualCare® Custom Solution policy. This allows clients to tailor a plan of coverage to meet their current budget requirements while adjusting for the future increased expenses of LTC services. Read the concept flyer to learn more.   Help Clients Plan for the Rising Costs of Long-Term Care Services
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Top Ten Long-Term Care Considerations

Learn more about the top ten long-term care health conditions and how Mutual of Omaha underwrites them with care and responsible underwriting. This quick guide will help you understand how we review these common health conditions. Download the Top Ten Long-Term Care Considerations guide now!   If you need additional assistance, contact our LTC underwriting pre-screen team at ltcunderwriting@mutualofomaha.com or by phone at 800-551-2059.   Top Ten Long-Term Care Considerations   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Encourage Clients to Purchase LTCi Now, Not Later

Your clients have busy lives. Between family and work obligations, they have a lot going on. So even if they understand the value of long-term care insurance, purchasing a policy often isn’t a top priority. But they may not be aware there’s cost associated with waiting. It’s easy to put things off until tomorrow. But some of life’s decisions are too important to ignore. Waiting to purchase a long-term care insurance policy is one of them. Waiting may mean paying higher premiums down the road. Procrastinating also could lead to the inability to qualify for coverage. That makes this concept
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Inforce LTCi Rate Adjustments Effective June 1, 2024

Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective June 1, 2024. Impacted Forms Impacted States LTC04I Vermont LTC0417 Vermont LTC09M Vermont LTC06UI Vermont LTC09U Vermont LT50, NH50, HCA, HCAQ, LTA, LTAQ, NHA and NHAQ South Carolina   For details on yearly rate adjustment percentages, view the supplemental grid here.   Policyholder Notification Process Policyholders will receive a letter notifying them at least 60* days prior to the premium rate
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

New Long-Term Care Insurance Application in New York

The New York MutualCare® Solutions application has been updated to reflect changes in the outline of coverage disclosure issued by the New York Department of Financial Services. This is to comply with Chapter 655 of the Laws of 2023. As of March 18, 2024, the new application is available via e-application and paper on Forms and Materials within Sales Professional Access.   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com.   New Long-Term Care Insurance Application in New York   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Mutual of Omaha Celebrating 115 Years

March 05, 2024 Today marks Mutual of Omaha’s 115th anniversary. On this day in 1909, Dr. C.C. Criss acquired the charter of Mutual Benefit Health and Accident Association, along with his wife, Mabel, and his brother, Neil. The Criss family had a vision to offer affordable, simplified insurance policies that helped protect policyholders from financial loss. They reached new customers who had previously been underserved by the insurance industry. And they backed their policies with superior customer service. Those same founding ideals remain hallmarks of our noble purpose today. The Criss family’s legacy has been carried on by tens of
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Categories: Accident Insurance, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Ethisphere Names Thrivent One of the World’s Most Ethical Companies for 13 Consecutive Years

Ethisphere Names Thrivent One of the World’s Most Ethical Companies for 13 Consecutive Years The recognition highlights Thrivent’s commitment to business integrity through robust ethics, compliance, and governance programs March 4, 2024 MINNEAPOLIS – Thrivent, a Fortune 500 financial services organization, has received the 2024 World’s Most Ethical Companies honor from Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Thrivent has now been recognized for 13 consecutive years and is one of only six honorees in the financial services industry this year. In 2024, 136 honorees were recognized spanning 20 countries and 44 industries.
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Categories: Industry News, Long-Term Care, and Thrivent.

New Episodes Available on Mutual of Omaha’s Wild Kingdom: Protecting the Wild

Sixty years after its original debut, Mutual of Omaha’s Wild Kingdom has been one of the most loved and respected wildlife programs in television history. During the Saturday “The More You Know” programming block, on NBC, you can find the next generation of wildlife enthusiasts that highlight species under threat of extinction in our modern world. “Mutual of Omaha’s Wild Kingdom: Protecting the Wild” showcases episodes that feature the work of caring and compassionate conservationists including scientists, wildlife experts and even members of the public; in a format that is easy to understand and can be enjoyed by the whole
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Categories: Industry News and Mutual of Omaha (& Affiliates).

Your Clients Want to Stay at Home to Receive Care

Did you know that someone turning age 65 today has almost a 70% chance of needing some type of long-term care services in their future? Most people prefer to have their care in their own home rather than a facility. Mutual of Omaha’s Long Term Care product offers up to four different ways to help keep clients in their home for as long as possible. Help Your Clients Stay at Home Sales Idea.   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com.   Your Clients Want to Stay at Home
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).